Siemens Snags Train Order

BERLIN — Siemens said it has received a new order from Russia's railway operator for high-speed trains worth 600 million euros ($780 million).

The company said Monday that the contract foresees the delivery of eight Velaro RUS high-speed trains to Russian Railways starting in 2014, including a 30-year maintenance agreement.

The trains, with 10 carriages each, will shuttle between Moscow and St. Petersburg to meet increasing demand on the popular high-speed link. Siemens says the trains will carry up to 600 passengers each and travel at a speed of up to 250 kilometers per hour.